Rhinebeck Bancorp (NASDAQ:RBKB) CEO Matthew James Smith Buys 12,425 Shares

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) CEO Matthew James Smith bought 12,425 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average price of $12.00 per share, for a total transaction of $149,100.00. Following the completion of the purchase, the chief executive officer directly owned 36,251 shares in the company, valued at approximately $435,012. The trade was a 52.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rhinebeck Bancorp Stock Performance

NASDAQ:RBKB opened at $12.41 on Wednesday. The business’s 50-day moving average price is $16.29 and its two-hundred day moving average price is $15.29. Rhinebeck Bancorp, Inc. has a twelve month low of $6.72 and a twelve month high of $12.85. The stock has a market cap of $193.72 million, a P/E ratio of 17.43 and a beta of 0.15. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.24 EPS for the quarter. Rhinebeck Bancorp had a return on equity of 7.24% and a net margin of 12.99%.The company had revenue of $13.38 million during the quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RBKB. Weiss Ratings reissued a “buy (b-)” rating on shares of Rhinebeck Bancorp in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Rhinebeck Bancorp to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Key Headlines Impacting Rhinebeck Bancorp

Here are the key news stories impacting Rhinebeck Bancorp this week:

• Positive Sentiment: Company insiders made significant open-market purchases on July 22: CEO Matthew James Smith bought 12,425 shares for approximately $149,100, Director Suzanne Loughlin purchased 12,500 shares for $149,125, EVP Michael Vitale acquired 5,000 shares for $59,700, and Director Nancy Koskey Patzwahl bought 25,000 shares for $298,500. The purchases increased their respective holdings substantially, suggesting that management and directors view RBKB’s stock as attractive at prices around $11.93 to $12.00. CEO insider purchase filing
• Positive Sentiment: Rhinebeck Bank, RBKB’s wholly owned subsidiary, appointed Travis Podolec as senior vice president and commercial lender in Orange County. His role will focus on expanding commercial banking relationships across the Hudson Valley and surrounding markets, supporting loan growth and the bank’s broader commercial-banking strategy. The appointment is strategically favorable, although no immediate earnings impact or financial targets were provided. Rhinebeck Bank appoints Travis Podolec article
• Neutral Sentiment: Zacks initiated coverage of Rhinebeck Bancorp with a Neutral recommendation. The firm recognized improving credit quality and an expanding commercial lending footprint, but cited a competitive lending environment and pressure on margins as factors limiting its conviction. Zacks Rhinebeck Bancorp coverage article

Institutional Trading of Rhinebeck Bancorp

A number of hedge funds have recently bought and sold shares of RBKB. JPMorgan Chase & Co. purchased a new stake in Rhinebeck Bancorp in the second quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Rhinebeck Bancorp during the second quarter worth approximately $29,000. Wells Fargo & Company MN raised its stake in shares of Rhinebeck Bancorp by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock worth $61,000 after acquiring an additional 1,602 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Rhinebeck Bancorp in the 2nd quarter worth approximately $75,000. Finally, Barclays PLC lifted its holdings in shares of Rhinebeck Bancorp by 12.1% in the 4th quarter. Barclays PLC now owns 7,210 shares of the company’s stock worth $87,000 after acquiring an additional 778 shares during the last quarter. Institutional investors own 23.88% of the company’s stock.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc (NASDAQ: RBKB) is the bank holding company for Rhinebeck Bank, a community-focused financial institution headquartered in Rhinebeck, New York. Through its subsidiary, the company offers a full range of banking services including personal checking and savings accounts, business deposit products, residential mortgage lending and consumer loans. Rhinebeck Bancorp leverages its local presence to provide tailored financial solutions and responsive customer service to individuals and small businesses throughout the Hudson Valley region.

The origins of Rhinebeck Bank trace back to the late 19th century, reflecting more than a century of service to Ulster, Dutchess and neighboring counties.